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United Corporations Limited (T:UNC)

Business Focus: Closed End Funds

Sector:  Financials Industry:  Closed End Funds
See Regulatory Filings on SEDAR
Company Contact
Address: 165 University Ave 10th Floor
Tel: N/A
IR: See website
Key People
Duncan N. R. Jackman
Chairman of the Board, President
Scott F. Ewert
Vice President
Frank J. Glosnek
Richard B. Carty
Corporate Secretary
Business Overview
United Corporations Limited is a Canada-based closed-end investment company. The Company is an investment vehicle for long-term growth through investments in common equities. The objective of the Company is to earn an above-average rate of return, primarily through long-term capital appreciation and dividend income. The assets of the Company may be invested in interest-bearing short-term securities pending the selection of equity investments. The investment portfolio of the Company comprises a mix of predominantly foreign equities. The Company has an investment portfolio in Canada; the United States; Mexico; Europe, excluding United Kingdom; the United Kingdom; Asia, and Australia. The external investment portfolio of the Company is managed by Jarislowsky Fraser Limited (Jarislowsky) and ValueInvest Asset Management S.A. (ValueInvest).
Financial Overview
For the fiscal year ended 31 March 2020, United Corporations Limited revenues decreased from C$165.2M to -C$82.5M. Net loss applicable to common stockholders totaled C$87.1M vs. income of C$128.9M. Revenues reflect Foreign decrease of 2% to C$42.4M, Interest and securities lending income decrease of 6% to C$1.2M. Net loss reflects Transfer, registrar and custody fees increase of 34% to C$796K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $1,100M as of Mar 31, 2020
Annual revenue (TTM): $-82.49M as of Mar 31, 2020
EBITDA (TTM): -$96.08M as of Mar 31, 2020
Net annual income (TTM): -$87.13M as of Mar 31, 2020
Free cash flow (TTM): $5.70M as of Mar 31, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 12,123,393 as of Apr 20, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization